With more conservative(or as some would say, "sane") startup valuations, it can be a good time to get in at a lower "entry price" as an employee — but it's not exactly a free-for-all all either.
Zooming in: Not only has hiring been down this year compared to 2022, but employee equity packages are down as well, according to equity management software company Carta.
It's been a rough go for the startup industry over the past 18 months — but now can also be a great time for workers to grab a seat on a rocket ship.
Driving the news: Prospect, a startup that's raised $1 million in funding from Construct Capital and angel investors, is building a data-based tool it says can help workers figure out where they're most likely to maximize their equity returns in venture-backed startups.
China finally reopened its economy earlier this year after years of extreme COVID restrictions. So far, it's a giant fizzle — with profound ramifications for the rest of the globe.
Why it matters: China has been a reliable engine powering global growth for three decades, becoming the world's second-largest economy in the process. That engine, for now, looks to have stalled out.
A small pavilion at the Digital Futures exhibition in Shanghai could give a hint as tohow AI will make architecture more efficient.
How it works: It's made of cross-laminated timber (CLT), an increasingly popular building material that often substitutes for carbon-intensive concrete, especially in prefabricated buildings.
America's decades-long love affair with homeownership is holding back the economy, hobbling the Federal Reserve, and exacerbating a national housing crisis.
Why it matters: We're stuck here now — at this point there's just too much wealth stored in too many houses for anything to meaningfully change.
A higher share of students at four-year private universities are on financial aid compared to students in public schools, despite more public school students coming from low-income households.
By the numbers: An Axios analysis of IPEDS financial aid data found that the average share of students awarded financial aid in 2021 was 85.3% in four-year private schools, but only 69.4% for students in public schools.
A UAW strike would cost the organization's strike fund $100 per workday per affected worker.
By the numbers: The fund totals more than $825 million, meaning the union could strike all three automakers for 12 weeks before its backstop is exhausted, according to Evercore ISI analysts.
European Central Bank president Christine Lagarde said on Friday the world's "fight against inflation is not yet won," becoming the latest economic policymaker to resist declaring victory despite signs of easing price pressures.
Why it matters: Lagarde spoke at a conference in Jackson Hole, Wy., where Federal Reserve chair Jerome Powell earlier said that interest rates in the U.S. may need to go higher to tame inflation.
Why it matters: People are holding onto their homes longer, and newly constructed abodes are getting smaller to compensate for rising costs, experts told Axios.
Grocery delivery giant Instacart on Friday filed for its initial public offering, with expectations that its shares will begin trading on the Nasdaq next month.
Why it matters: The IPO window is finally opening, after being closed for more than a year.
The U.S. Treasury Department and the IRS Thursday proposed rules that would make it harder for crypto investors to dodge paying taxes — and simpler for people to comply.
Why it matters: The regulations would implement a 2021 law and were estimated to generate some $30 billion over a decade.
Filings from the government prosecutors in Sam Bankman-Fried's criminal case this week revealed that the former CEO could be relying on an "advice of counsel" defense as at least one strategy in the upcoming trial.
Why it matters: Several billion dollars are missing from the fallen cryptocurrency exchange FTX, and former users (and employees) have lost life-changing amounts of money. They want justice.
The United Auto Workers said Friday that its members have authorized a strike if the union can't reach new contracts with the Detroit Three automakers: General Motors, Ford and Stellantis.
Why it matters: With about 150,000 members at the three companies, the UAW has carved out an aggressive bargaining position, raising the serious prospect of a production-hobbling work stoppage.
Syndicated loans are not securities, according to a federal appeals court ruling yesterday in New York City.
Why it matters: This is a validation of the status quo, but nonetheless a huge win for Wall Street lenders who've been steadily losing market share to private credit.
Why it matters: The recent weakness in China's currency, officially known as the renminbi, reflected markets' growing concerns about the outlook for Chinese economic growth.
The benchmark Treasury yield's rapid climb higher these last few months has sent shivers up the spines of those who might need to borrow money soon. But something unusual is happening in the corporate bond market — borrowing costs haven't really gone up.
Why it matters: It's another sign that investors aren't that concerned about an upcoming recession.
As children migrate from playthings to screens, toymakers have been tweaking their products to cater to the nostalgic tastes of adults, from Gen Z to senior citizens.
Why it matters: The "Barbie" and "Transformers" movies have helped fuel a retro toys craze among adults — and bolstered the hopes of toy sellers, who are trying to recover from a slump that even the pandemic couldn't shake off.
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